Thursday November 10 2016
Greek Jobless Rate Edges Up to 23.4% in August
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Greek seasonally adjusted unemployment rate rose slightly to 23.4 percent in August 2016 from 23.3 percent in July, as the number of unemployed increased by 0.1 percent while employment fell by 0.2 percent. A year earlier, the unemployment rate was recorded at 24.6 percent.

Compared to the previous month, the number of unemployed increased by 0.1 percent to 1,126.5 thousand persons while the number of employed fell 0.2 percent to 3,687.5 thousand. The number of inactive persons went up 0.1 percent to 3,228.4 thousand persons. 

A year earlier, the unemployment rate was recorded at 24.6 percent. The number of unemployed persons fell by 5 percent while employment rose by 1.6 percent. The number of inactive persons declined by 1.1 percent.

Unemployment affected mainly people aged 15 to 24 years old as 46.5 percent of young active population was unemployed, a decrease of 1.8 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 55 to 64 and 65 to 74 rose further to 19.4 percent and 13.1 percent, respectively.

The unemployment rate for males decreased by 1.8 percentage points to 19.7 percent from 21.5 percent in August 2015 and for females it was down by a meager 0.5 percentage points to 28 percent when compared to 28.5 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.3 percent), Thessaly – Sterea Ellas (25 percent) and Macedonia-Thrace (25 percent), while Aegean recorded the lowest rate (19.5 percent), followed by Crete (22.2 percent).




Thursday October 06 2016
Greek Jobless Rate Lowest Since 2012
ELSTAT | Mojdeh Kazemi | mojdeh@tradingeconomics.com

The seasonally adjusted unemployment rate in Greece dropped to 23.2 percent in July 2016 from 23.4 percent in June and below 24.8 percent a year earlier. It was the lowest reading since March of 2012, as the number of unemployed fell by 0.5 percent to 1,120,843 compared to the previous month while employment went up by 0.4 percent to 3,703,828.


A year earlier, the unemployment rate was recorded at 24.8 percent. The number of unemployed persons declined by 6.4 percent while employment rose by 2.2 percent. The number of inactive persons dropped by 1.3 percent.

The highest unemployment among age groups was recorded at 42.7 percent for 15-24 years old (compared to 48.6 percent in July 2015), followed by those aged 25-34 years old (29.5 percent compared to 31.6 percent in July 2015) while unemployment went up for those aged 55-64 (18.6 percent compared to 17 perncet in July 2015).

The unemployment rate for males went down by 2.3 percentage points to 19.4 percent from 21.7 percent in July 2015, and for females it decreased by 0.9 percentage points to 27.9 percent when compared to 28.8 percent a year earlier. Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.3 percent); Thessaly – Sterea Ellas (24.3 percent) and Peloponnese; Macedonia-Thrace (24.2 percnet); Attica (23.1 percent), while Aegean recorded the lowest rate (19.5 percent).


Thursday September 08 2016
Greek Jobless Rate at Fresh 4-Year Low in June
ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com

Greek seasonally adjusted unemployment rate declined to 23.4 percent in June 2016, following an upwardly revised 23.6 percent in May and below 24.9 percent a year earlier. It was the lowest figure since March of 2012, as the number of unemployed decreased by 0.6 percent from the previous month while employment increased 0.4 percent.

Compared to the previous month, the number of unemployed decreased by 0.6 percent to 1,124.5 thousand persons while the number of employed increased 0.4 percent to 3,674.9 thousand. The number of inactive went down 0.3 percent to 3,249 thousand persons. A year earlier, the unemployment rate was recorded at 24.9 percent. The number of unemployed persons fell by 6.1 percent while employment rose by 1.7 percent. The number of inactive persons declined by 0.8 percent.

Unemployment affected mainly people aged 15 to 24 years as 47.7 percent of the young active population was unemployed, while decreased 0.5 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 55 to 64 and 65 to 74 rose further.

The unemployment rate for males decreased by 2 percentage points to 19.8 percent from 21.8 percent in June 2015, and for females it was down by 1  percentage points to 27.8 percent when compared to 28.8 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.8 percent), Thessaly – Sterea Ellas (25.8 percent) and Peloponnese, Western Greece and Ionian Islands (23.8 percent), while Aegean recorded the lowest rate (18.8 percent).


Thursday August 04 2016
Greek Jobless Rate Steady at 23.5% in May
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

Greek seasonally adjusted unemployment rate came in at 23.5 percent in May 2016, unchanged from the April rate and down from 25 percent a year earlier. The number of unemployed decreased by 0.2 percent from the previous month while employment fell at a faster 0.4 percent.

Compared to the previous month, the number of unemployed decreased by 0.2 percent to 1,123.5 thousand persons while the number of employed fell at a faster 0.4 percent to 3,653.8 thousand. The number of inactive went up 0.5 percent to 3,274.4 thousand persons. A year earlier, the unemployment rate was recorded at 25 percent. The number of unemployed persons fell by 6.2 percent while employment rose by 1.7 percent. The number of inactive persons declined by 0.8 percent.

Unemployment affected mainly people aged 15 to 24 years as 50.3 percent of young active population was unemployed, an increase of 0.3 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 55 to 64 rose further.

The unemployment rate for males decreased by 2.5 percentage points to 19.5 percent from 22 percent in May 2015 and for females it was down by a meager 0.1 percentage points to 28.5 percent when compared to 28.6 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.7 percent), Thessaly – Sterea Ellas (26.1 percent) and Macedonia-Thrace (25.1 percent), while Crete recorded the lowest rate (21.2 percent), followed by Aegean (21.8 percent).


Thursday July 07 2016
Greece Jobless Rate Falls to 4-Year Low in April
ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com

Greek unemployment rate decreased to 23.3 percent in April of 2016 from a downwardly revised 23.7 percent in the previous month. It was the lowest figure since March of 2012, as the number of unemployed persons decreased by 20.9 thousand to 1.11 million people while employment rose by 25.6 thousand to 3.67 million. A year earlier, the unemployment rate was recorded at 25.3 percent.

Compared to the previous month, the number of unemployed decreased by 1.8 percent to 1,115.4 thousand persons while the number of employed rose by 0.7 percent to 3,676.8 thousand. The number of inactive declined by 0.2 percent to 3,262 thousand persons. A year earlier, the unemployment rate was recorded at 25.3 percent. The number of unemployed persons fell by 7.5 percent while employment rose by 3.0 percent. The number of inactive persons dropped by 1.7 percent.

Unemployment affected mainly people aged 15 to 24 years as 47.4 percent of young active population was unemployed, a decrease of 4.3 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 55 and 64 increased to 19.3 percent from 17.2 percent and 65 to 74 rose further to 12.5 percent from 10.7 percent.

The unemployment rate for males decreased by 0.9 percentage points to 19.3 percent from April last yeat and for females it was down by 0.8 percentage points to 28.2 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.6 percent), Thessaly – Sterea Ellas (26.9 percent) and Macedonia-Thrace (25.1 percent), while Aegean continued to record the lowest rate (15.4 percent).


Thursday June 09 2016
Greece Jobless Rate Edges Down to 24.1%
ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com

Greek unemployment rate decreased slightly to 24.1 percent in March of 2016 compared to 24.2 percent in the previous month. The number of unemployed persons increased by 9.7 thousand to 1.189 million people while employment rose by 15 thousand to 3.6 million. A year earlier, the unemployment rate was recorded at 25.8 percent.

Compared to the previous month, the number of unemployed increased by 0.8 percent to 1,189.9 thousand persons while the number of employed rose by 0.4 percent to 3,600.7 thousand. The number of inactive was marginally unchanged at 3,281 thousand persons. A year earlier, the unemployment rate was recorded at 25.7 percent. The number of unemployed persons fell by 5.6 percent while employment rose by 2.5 percent. The number of inactive persons declined by 1.8 percent.

Unemployment affected mainly people aged 15 to 24 years as 50.4 percent of young active population was unemployed, a decrease of 1.7 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 65 to 74 rose further to 11.8 percent from 10.9 percent. 

The unemployment rate for males decreased by 2.2 percentage points to 20.4 percent from March last yeat and for females it was down by a much slower 0.6 percentage points to 28.8 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (28.8 percent), Thessaly – Sterea Ellas (28.5 percent) and Crete (25 percent), while Aegean continued to record the lowest rate (13.4 percent).


Thursday May 12 2016
Greece Jobless Rate Slightly Down to 24.2% in February
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

Greek unemployment rate edged down to 24.2 percent in February of 2016 compared to 24.4 percent in the previous month. The number of unemployed reached 1.16 million people while employment rose to 3.63 million. A year earlier, the unemployment rate was recorded at 25.8 percent.

Compared to the previous month, the number of unemployed decreased by 0.6 percent to 1,158.7 thousand persons while the number of employed rose by 0.3 percent to 3,625.3 thousand. The number of inactive went up slightly by 0.2 percent to 3,277.1 thousand persons. A year earlier, the unemployment rate was recorded at 25.8 percent. The number of unemployed persons fell by 5.7 percent while employment rose by 2.4 percent. The number of inactive persons declined by 1.7 percent.

Unemployment affected mainly people aged 15 to 24 years as 51.4 percent of young active population was unemployed, a decrease of 0.4 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 25 to 34 and people aged 55 to 64 rose further.

The unemployment rate for males decreased by 2 percentage points to 20.6 percent from 22.6 percent in February and for females it was down by a much slower 1.1 percentage points to 28.7 percent when compared to 29.8 percent last year.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (28.7 percent), Thessaly – Sterea Ellas (27.6 percent) and Crete (26.9 percent), while Aegean continued to record the lowest rate (13.1 percent).


Thursday April 07 2016
Greek Jobless Rate Edges Up in January
ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com

Greek unemployment rate increased slightly to 24.4 percent in January of 2016 compared to an upwardly revised 24.3 percent in the previous month. The number of unemployed increased by 3.5 thousand to 1.17 million people while employment declined by 25.2 thousand to 3.6 million. The jobless rate remains more than double the Eurozone's average of 10.3 percent in February.

Compared to the previous month, the number of unemployed edged up by 0.3 percent, to 1,169.1 thousand persons while the number of employed declined by 0.7 percent to 3,613.8 thousand. The number of inactive rose by 0.6 percent to 3,267.2 thousand persons. A year earlier, the unemployment rate was recorded at 25.9 percent. The number of unemployed persons fell by 5.1 percent while employment rose by 1.7 percent. The number of inactive persons declined by 1.2 percent.

Unemployment continued to affect mainly people aged 15 to 24 years as 51.9 percent of young active population was unemployed, a decrease of 1.4 percentage points from the same month in the previous year. Contrarily, the unemployment rate among people aged 45 to 54 rose further to 20.8 percent (from 20.1 percent), aged 55 to 64 to 18.3 percent (from 17.8 percent) and aged 65 to 74 to 12 percent (from 11.8 percent).

The unemployment rate for males decreased by 1.4 percentage points to 21.5 percent from 23 percent in January 2015 and for females it was down by a slower 1.1 percentage points to 28.7 percent when compared to 29.8 percent last year.

Among regions, the highest unemployment rates were reported for Thessaly – Sterea Ellas (30.9 percent) and Epirus-Western Macedonia (27.9 percent), while Aegean continued to record the lowest rate (12.5 percent).


Thursday March 10 2016
Greek Jobless Rate Drops to Fresh 2-1/2-Year Low
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

Greek unemployment rate decreased slightly to 24 percent in December of 2015 compared to an upwardly revised 24.4 percent in the previous month. It was the lowest rate recorded since May of 2012, as the number of unemployed reached 1.14 million people while employment rose to 3.65 million. Unemployment has come down from record highs but remains more than double the Eurozone's average of 10.3 percent in January.

Compared to the previous month, the number of unemployed decreased by 1.7 percent, to 1,149.7 thousand persons while the number of employed rose by 0.5 percent to 3,649.4 thousand. The number of inactive fell slightly by 0.1 percent to 3,267.2 thousand persons. A year earlier, the unemployment rate was recorded at 25.9 percent. The number of unemployed persons fell by 7 percent while employment rose by 3.2 percent. The number of inactive persons declined by 2.1 percent.

Unemployment continued to affect mainly people aged 15 to 24 years as 48.9 percent of young active population was unemployed, a decrease of 2.3 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 55 to 64 rose further to 18.1 percent (from 16.7 percent).

The unemployment rate for males decreased by 2.5 percentage points to 20.5 percent from 23 percent in December 2014 and for females it was down by a much slower 1.3 percentage points to 28.3 percent when compared to 29.6 percent last year.

Among regions, the highest unemployment rates were reported for Thessaly – Sterea Ellas (28.7 percent) and Epirus-Western Macedonia (28.3 percent), while Aegean continued to record the lowest rate (15.3 percent).

Greece's economy expanded slightly by 0.1 percent on the quarter in the three months to December 2015, driven by private consumption and investment, while it shrank by 0.7 percent year-on-year. Considering full 2015, the GDP contracted by 0.3 percent 


Thursday February 11 2016
Greek Jobless Rate at 24.6% in November
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

Greek unemployment rate decreased slightly to 24.6 percent in November of 2015 from an upwardly revised 24.7 percent in the previous month. It remained at its lowest level since May of 2012, as the number of unemployed persons declined by 0.3 percent while the number of employed persons was virtually unchanged.

Compared to October 2015, the number of unemployed decreased by 0.3 percent, to 1,180,516 persons while the number of employed was virtually unchanged at 3,620,750 persons. The number of inactive was also steady at 3,269,077 persons. A year earlier, the unemployment rate was recorded at 25.9 percent. The number of unemployed persons fell by 4.5 percent while employment rose by 2.3 percent. The number of inactive persons declined by 2.1 percent.

Unemployment continued to affect mainly people aged 15 to 24 years as 48 percent of young active population was unemployed, a decrease of 3.4 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 25 to 34 and people aged 55 to 64 rose further.

The unemployment rate for males decreased by 2.1 percentage points to 20.8 percent from 22.9 percent in November 2014 and for females it was down by a much slower 0.3 percentage points to 29.3 percent when compared to 29.6 percent last year.

Among regions, the highest unemployment rates were reported for Thessaly – Sterea Ellas (28.4 percent) and Epirus-Western Macedonia (27.1 percent), while Aegean recorded the lowest rate (12.2 percent).

Greece's economy is expected to contract by 0.9 percent quarter-on-quarter in Q4 2015.